Discuss what forecast error represents

150

 

Save your time - order a paper!

Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines

Order Paper Now
  1. In your own words, discuss what forecast error represents.  Why is it important to measure?
  2. In the time-series forecast methods, explain the advantages and disadvantages of simple moving averages, weighted moving averages, and exponential smoothing.  In your discussion, identify which situation(s) is best for one method and why.
  3. For exponential smoothing , in what situation would you use a high alpha?  Or a low alpha?
  4. In forecasting, why is it important to be able to detect trends? Or consider seasonal patterns?

    The post Discuss what forecast error represents first appeared on courseworkresearch.

     
    "Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"